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Risk Management Solutions (RMS) says insured losses from the March 11 Japan earthquake and tsunami will likely range between $21 billion and $34 billion, including both P&C and life and health claims.

Specifically, RMS says it estimates property losses of between $18 billion and $26 billion.

“The insured loss total reflects losses across multiple lines, including local market residential, cooperative insurers, domestic and international commercial and industrial lines, international facultative placements, marine and aviation lines,” the modeler explained. “The losses for commercial and industrial risks are modeled to include the impacts of both direct and contingent business interruption. Also included is the expected impact of post-event loss amplification, particularly to the commercial and industrial lines.”



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